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CIRA to distribute cash dividends of EGP 0.017158 per share

CIRA to distribute cash dividends of EGP 0.017158 per share

ArabFinance: Cairo for Investment and Real Estate Development’s (CIRA) board of directors proposed to distribute cash dividends of EGP 0.1715883 per share totaling EGP 100 million, according to the company’s statement filed to the Egyptian Exchange.

The dividends will be disbursed from the retained according to the financial statement for the fiscal year ended August 31st, 2021. 

A consortium comprised CIRA and Elsewedy Capital Holding has succeeded in securing a 58-acre land plot in New Damietta through the New Urban Communities Authority (NUCA) for the establishment of a state-of-the-art university.

The university is expected to be built with around EGP 2.5 billion in total investment, the release said.

CIRA is engaged in investment in diversified sectors, including education, construction and real estate, health care, information technology, and support services.

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